What is Statistics and what are the characteristics of it ?

Shyam singh . 2 weeks ago

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The branch of mathematics that deals with the collection, analysis, interpretation, presentation, and organization of data is called statistics. It helps in making decisions or predictions based on data, especially when it's too large or complex to study in full.  

1. Some Characteristics of Statistics are mention below : Affected by Multiples Factors Statistical results often depend on many variables, such as age, time, location, etc. Comparative and Relational It allows comparison between groups, and finding relationships (e.g., correlation between education and income). Helps in Forecasting With the right data, statistics can predict trends (e.g., future sales, population growth). Requires Proper Interpretation Statistical data can be misleading if not correctly interpreted; context is essential. Useful in Many Fields Statistics is widely used in economics, business, health, education, politics, and science.Deals with Data Statistics is based on numerical data collected from observations, surveys, or experiments. Quantitative in Nature It focuses on measurable information, not qualitative details like opinions (unless converted into numbers). Aggregates of Facts Statistics deals with groups or aggregates, not individual items. For example, average income of a population, not one person.